Concepts submission template & guidelines
London Ventures
2
Introduction
Summary of components
The concept proposal is the first checkpoint in the development of a London Venture. The concept is a high level proposal and a concisely summarised overview of the idea which the London Ventures Board must take a decision as to whether they would like to incorporate it into the wider programme.
Each section of the template gives guidelines of what you should include in your concept proposal. If you would like to discuss the development of the idea or appropriate content in each of the sections please contact a member of the team.
A blank template has been provided at the end of the pack for you to complete for submission to the board.
The concept proposal is the first checkpoint in the development of a London Venture. The concept is a high level proposal and a concisely summarised overview of the idea which the London Ventures Board must take a decision as to whether they would like to incorporate it into the wider programme.
Each section of the template gives guidelines of what you should include in your concept proposal. If you would like to discuss the development of the idea or appropriate content in each of the sections please contact a member of the team.
A blank template has been provided at the end of the pack for you to complete for submission to the board.
Key Area Key questions to consider
“Big Idea” Articulation of the problem & proposed solution, evidence of where this has been done before
Proposed commercial venture Commercial delivery of project cost quantification & proposed partners
Benefits Description of financial and non-financial benefits
Risks & mitigation Key risks to success of delivery
Concept proposal
3
Template guidelines
Concept proposal template
The problem► Articulation of the problem faced ► Identification of who faces the problem and why the initiative would
have an impact to those facing challenges
The solution► A clearly proposed solution detailing who would be involved/ affected
and what structure or model of service or product would be employed
Where this has been done before► A description of where/how this has been done before► An explanation of how the proposed solution is different
The problem► Articulation of the problem faced ► Identification of who faces the problem and why the initiative would
have an impact to those facing challenges
The solution► A clearly proposed solution detailing who would be involved/ affected
and what structure or model of service or product would be employed
Where this has been done before► A description of where/how this has been done before► An explanation of how the proposed solution is different
The “Big Idea” Benefits
► A justification of how the idea is to be delivered commercially including benefits for partners.
► An explanation of how this is different from a traditional supplier relationship
► An estimated quantification of set up costs (provided in narrative form if no figures are available)
► Any other potentially negative impacts
► A list of proposed partners and a description of the roles that the partner(s) would play.
► A justification of how the idea is to be delivered commercially including benefits for partners.
► An explanation of how this is different from a traditional supplier relationship
► An estimated quantification of set up costs (provided in narrative form if no figures are available)
► Any other potentially negative impacts
► A list of proposed partners and a description of the roles that the partner(s) would play.
Proposed commercial venture
► Identification of financial and non financial benefits► A description of which ‘levers’ of activity would generate benefits► Who the benefits are attributed to
► Identification of financial and non financial benefits► A description of which ‘levers’ of activity would generate benefits► Who the benefits are attributed to
Risks & mitigation
Key benefits Description & Rationale Primary beneficiary
Financial benefits
Clear description of financial benefits
Non-financial benefits
Description of other non-financial benefits
4
Blank template
Concept Name
The “Big Idea” Benefits
Proposed commercial venture Risks & mitigation
Key benefits Value Description & Rationale
Financial benefits Clear description of financial benefits
Non-financial benefits Description of other non-financial benefits
